During a period of low inflation and low interest rates, King Township held annual municipal tax increases to 1.1% between 2018 and 2022. Avoiding higher taxes was welcomed during the pandemic, but the rising cost of goods combined with ballooning inflation and a labour shortage will add significant pressure to the budget going forward.

In addition to the significant cost of improving the road network, King Township will also have to shoulder the large cost of the new recreation centre being built in King City. Expected to be completed in the fall of 2024, the facility will include two NHL sized ice surfaces, a six-lane lap and leisure pool and separate therapy pool, an athletic complex, and multipurpose community room. The project was partially funded by federal and provincial government grants worth $38 million, but the town is responsible for funding the balance including all future budget increases. In fact, at the beginning of July town council approved an extra $10 million (an increase of 13.5%) to fund the now $86 million project due to "higher than anticipated construction costs" - before construction has even been started.